Maldives Budget 2023

Revenue and Expenditure for 2022

November 2022

Summary

Revenue

Expenditure

Execution Report

Special Budget

- No scaling
- Thousands
- Millions
- Billions

- Maldivian rufiyaa
- US dollar

In rufiyaa

Approved Budget

Virements

Addition

Revised Budget

Posted

Commitments

Consumed

Balance

Total Expenses

10,455,499,033

(6,148,712,270)

8,653,625,369

12,960,412,132

11,279,278,479

551,800

11,279,830,279

1,680,581,853

Recurrent Expenditure

5,329,369,145

(3,732,158,068)

5,125,655,051

6,722,866,128

6,964,031,975

551,800

6,964,583,775

(241,717,647)

Salaries and Wages

500,000,000

(500,000,000)

4,891,222

(4,891,222)

Allowances to Employees

3,300,000

675,000

3,975,000

12,914,475

(8,939,475)

Pensions, Ret. Benefit & Grat.

339,854

(339,854)

Pensions

Retirement Benefits and Gratuities

Retirement benefits paid upon Retirement

Monthly Payment to the Retired

Government Contribution to Provident Fund

Contribution to the retirement pension scheme

339,854

(339,854)

Travelling Expenses

146,257

613,675

(467,418)

Travelling Expenses - Local Sea Travel

160

(160)

Travelling Expenses - Local Land Travel

67,940

(67,940)

Travelling Expenses - Local Air Travel

6,916

(6,916)

Travelling Expenses - Overseas

146,257

538,659

(392,402)

Travelling Expenses for Foreigners

Other Travelling Expenses

Administrative Supplies

105,617

12,868

118,485

(118,485)

Stationery and Office Requisites

67,105

11,188

78,293

(78,293)

IT Related Materials

8,143

1,680

9,823

(9,823)

Fuel and Lubricants

Meals for Employees During Office Hours

Electrical Items

2,294

(2,294)

Spare Parts

Materials for Uniforms

Supplies for Office Cleaning

8,217

(8,217)

Utensils and Accessories

Office Decoration Materials

3,472

(3,472)

Curtains, Table Cloths Etc

Other Administrative Supplies

16,386

(16,386)

Administrative Services

361,374,000

(128,042,208)

59,143,251

292,475,043

261,596,499

538,932

262,135,431

30,339,612

Operational Consumables

Medical Consumables

Educational Consumables

Prov. of food to people under arrest & detention

Other Matrl. for people under arrest & detention

Other Operational Consumables

Training Expenses

391,334

(391,334)

Scholarship and Fellowship Assistance

215,006

(215,006)

Short Course Fees & Expenses - Overseas Training

6,908

(6,908)

Workshops Related Expenses

6,939

(6,939)

Course Fees & Related Expenses - Local Training

1,042

(1,042)

Conducting Training Courses

Staff training

161,439

(161,439)

Repairs and Maintenance

705,000

807,682

(102,682)

Repairs - Residential Buildings

Repairs - Non-Residential Buildings

450

(450)

Repairs - Roads and Bridges

Repairs - Airports

Repairs - Wharves, Ports and Harbours

Repairs - Water & Sanitation Systems

Repairs - Electricity Systems

Repairs - Other Infrastructure

Repairs - Furniture & Fittings

Repairs - Machinery and Equipment

18,630

(18,630)

Repairs - Vehicular Equipment

Repairs - Communication Infrastructure

Repairs - Computer Software

788,603

(788,603)

Repairs - IT-Related Hardware

Repairs - Other Equipment

Repairs - Motor Vehicles

705,000

Repairs - Ships and Boats

Repairs - Aerospace equipments

Financing and Interest Costs

2,915,223,862

(503,370,066)

557,996,452

2,969,850,248

3,212,588,768

(242,738,520)

Interest Payments to Government Agencies

143,399,280

24,497,954

28,588,650

196,485,884

213,229,992

(16,744,108)

Interest Payments to Domestic Sources

163,400,000

(136,964,744)

26,435,256

26,128,835

306,421

Interest Payments to Foreign Sources

1,363,509,116

(402,903,276)

398,053,523

1,358,659,362

1,369,340,775

(10,681,412)

Discount on Treasury Bills

1,244,915,466

12,000,000

131,354,279

1,388,269,745

1,603,889,166

(215,619,421)

Grants, Contrib. & Subsidies

1,449,471,283

(2,502,359,373)

4,479,988,348

3,427,100,258

3,428,014,724

(914,466)

Subsidies

Welfare Payments

Grants to Private Parties

Awards

Indemnities and Relief Against Natural Calamities

Subscriptions & Fees to Domestic Organisations

Subscriptions & Fees to International Org.

7,759,260

240,000

7,999,260

9,113,726

(1,114,466)

Donations to Foreign Parties or Goverments

Assistance to Associations & Social Organisations

32,862,067

(32,862,067)

Assistance for Community Programs

Electricity Subsidies

539,928,525

(494,493,785)

759,821,451

805,256,191

Water Subsidies

Food Subsidies

283,421,431

(47,924,201)

54,333,541

289,830,771

Single Parents Allowance

Medical Treatment Support -Abroad

Medical Treatment Support -Local

Foster Parents Allowance

Health Insurance Premium

Disability Allowance

Fisheries Subsidies

Agriculture Subsidies

Grants to Pre-schools

Grants to Councils

Therapeutic Services

Other Grants, Contributions & Subsidies

25,000,000

9,813,156

34,813,156

Waste Management Subsidy

15,000,000

5,000,000

20,000,000

19,800,000

200,000

Fuel Subsidy

341,500,000

(1,864,917,949)

3,623,903,585

2,100,485,636

Income Support and Job Seeker Allowance

Transport Subsidy

204,000,000

(67,401,371)

32,116,615

168,715,245

(0)

Sewerage Subsidy

Tax Payments

Losses

100,000,000

(99,912,678)

28,527,000

28,614,322

41,768,124

(13,153,802)

Losses from Government Agencies

100,000,000

(99,912,678)

28,527,000

28,614,322

28,614,286

Losses from Private Parties

Losses on Exchange Rates

13,153,838

(13,153,838)

Losses on Investment Revaluation

Loss on Sale of Government Property

Loss on Sale of Government Land

Loss on Sale of Investments In Public Enterprises

Loss on Sale of Other Asset

Loss - Impairment on Assets

Other Losses

Write-Offs

Capital Expenditure

5,126,129,888

(2,416,554,203)

3,527,970,319

6,237,546,004

4,315,246,503

1,922,299,501

Cap. Outlays-PAS Transition

Budget Contingency and Provision

1,300,000,000

(51,327,448)

1,248,672,552

Transfers

Land & Buildings

Infrastructure Assets

Roads and Bridges

Airports

Wharves, Ports and Harbours

Water & Sanitation Systems

Electricity Systems

Other Infrastructure

Furniture, Machinery & Equip.

253,308

(253,308)

Furniture & Fittings

7,620

(7,620)

Machinery and Equipment

Vehicular Equipment

Tools, Instruments, Apparatus

Reference Books & Exhibition Goods

Communication Infrastructure

Computer Software

IT-Related Hardware

245,688

(245,688)

Other Equipment

Low Value Assets

Vehicles

10,000,000

(8,378,546)

1,621,454

Investment in Plc Enterprises

868,653,498

(1,601,788,790)

2,481,953,735

1,748,818,443

1,282,204,006

466,614,436

Other Investments

35,732,690

29,776,380

95,000,000

160,509,070

69,978,375

90,530,695

Constr., Renov. & Improvement

ST Loans Repayment - Domestic

Short Term Dom. Loan Repmt.-SOE

Short Term Dom. Loan Repmt.-State Fin.Institutions

Short Term Dom. Loan Repmt.-Individuals

Short Term Dom. Loan Repmt.-Non-Profit Org.

Short Term Dom. Loan Repmt.-Treasury Bills

Short Term Dom. Loan Repmt.-Other

ST Loans Repayment - Foreign

Short Term For. Loan Repmt.-Multilateral

Short Term For. Loan Repmt.-Bilateral Govt.

Short Term For. Loan Repmt.-For. Commercial Instit

Short Term For. Loan Repmt.-Foreign Individuals

Short Term For. Loan Repmt.-Other

LT Loans Repayment - Domestic

370,639,700

(117,765,300)

57,143,205

310,017,605

320,117,797

(10,100,192)

Long Term Dom. Loan Repmt.-SOE

Long Term Dom. Loan Repmt.-State Fin.Institutions

308,060,100

(123,345,300)

57,143,205

241,858,005

251,968,313

(10,110,308)

Long Term Dom. Loan Repmt.-Individuals

62,579,600

5,580,000

68,159,600

68,149,483

10,117

Long Term Dom. Loan Repmt.-Non-Profit Org.

LT Loans Repmt. - Other Dom.

Long Term Dom. Loan Repmt.-Inscribed Stock

Long Term Dom. Loan Repmt.-Treasury Bills

Long Term Dom. Loan Repmt.-Domestic Banks

Long Term Dom Repmt - Govt Bonds

Long Term Dom. Loan Repmt.-Others

LT Loan Repayment - Foreign

2,491,104,000

(206,062,834)

32,111,216

2,317,152,383

2,337,302,859

(20,150,476)

Long Term For. Loan Repmt.-Multilateral

378,750,000

(138,359,610)

23,051,216

263,441,606

281,710,798

(18,269,192)

Long Term For. Loan Repmt.-Bilateral Govt.

385,416,000

(71,125,350)

9,060,000

323,350,650

328,302,649

(4,951,999)

Long Term For. Loan Repmt.-For. Commercial Instit.

Long Term For. Loan Repmt.-Foreign Individuals

1,726,938,000

(890,977,874)

835,960,127

833,581,212

2,378,915

Long Term For Loan Repmt - Govt Bonds

894,400,000

893,708,200

691,800

Long Term For. Loan Repmt.-Other

Lendings - Domestic

50,000,000

(461,007,664)

861,762,162

450,754,498

305,390,158

145,364,340

New Domestic Lending - SOE

52,326,370

New Domestic Lending - State Fin.Institutions

New Domestic Lending - Individuals

New Domestic Lending - Non-Profit Org.

Domestic Lending - For. Commercial Instit.

Other New Domestic Lending

50,000,000

(513,334,034)

861,762,162

398,428,128

253,063,788

145,364,340

Lendings - Foreign

New Foreign Lending - Bilateral Govt.

New Foreign Lending - For. Commercial Instit.

New Foreign Lending - Foreign Individuals

New Foreign Lending - Other

Revenue and expenditure data are as at 28th February 2023 and figures are likely to vary as reconciliation work is ongoing.